Cape Town, South Africa
1 day ago
Reinsurance Underwriter

Reporting to the Territorial Lead, you’ll work closely with brokers and clients, applying your analytical skills and reinsurance knowledge to price, negotiate, and manage treaties. Your role will be both strategic and hands-on, combining relationship building with technical analysis, contract review, and portfolio management.

 

If you have 3–5 years’ experience in reinsurance, insurance, finance, or engineering, and a numerate degree (like actuarial science, stats, or commerce), this could be the perfect fit. Excel proficiency, a keen eye for detail, and the ability to work independently will set you up for success.

 

You’ll need to be comfortable travelling occasionally and working over peak holiday periods, but in return, you’ll gain exposure to a high-performing international environment with real career growth potential.

 

Ready to grow your reinsurance expertise? Let’s talk.

 

Minimum Requirements

Undergraduate degree with a significant numerate component (actuarial, stats, maths, commerce, etc.) 3 -5 years of work experience, preferably in the short-term insurance/reinsurance/finance/engineering sectors Proficient in Microsoft Excel, MS Word and PowerPoint Willingness to work over the Christmas and Easter Holiday period Willingness to travel occasionally

Advantageous Qualifications, Knowledge and Experience:

3-5 years of reinsurance underwriting experience Good understanding of reinsurance principles and concepts An understanding of reinsurance wordings, reinsurance markets and the end-to-end analysis of a reinsurance submission. A strong understanding of insurance and related risks Reinsurance technical accounting knowledge Project Management experience

 

 

 

 

 

Job Responsibilities:

Developing, managing and maintaining a reinsurance treaty book in the chosen territory. This is both a client-facing role and an analytics and accounting role in conjunction with the Pricing team Building and maintaining reinsurance broker and client relationships for both existing business and potential business Reviewing pricing and underwriting the reinsurance treaties using a range of actuarial and softer methods wordings Understanding of contract wordings and able to negotiate on a granular level in compliance with internal guidelines Detailed meeting capture following market visits Checking and monitoring accounts, payments and profitability of the book Drive profitability and growth in the chosen territory according to annual premium volume, profitability and volatility benchmarks. Preparing Underwriting Review for the Underwriting Committee Review and submit endorsements and special acceptances for review and approval Capturing of information on the relevant system Responsibility for the completeness of all required documents and adherence to the Underwriting Guidelines and Standard Operating Procedures

Skills

Excellent verbal and written communication skills Analytical ability Advanced numeracy skills Ability to work independently with limited supervision High stress tolerance Ability to work to tight deadlines and under pressure Strong negotiation skills Team Player Ability to work flexible working hours Must be proactive and take ownership of tasks Willingness and desire to learn Good work ethic Ability to multitask Solid interpersonal and relationship-building skills Good planning and organising skills Time management
Confirm your E-mail: Send Email